Jana Small Finance Bank Limited has received approval from the Reserve Bank of India (RBI) to operate as an Authorised Dealer Category-I (AD-I) under Section 10 of FEMA, 1999. This license permits the bank to engage in foreign exchange transactions, broadening its financial service offerings and reinforcing its position within the sector.
In an official filing with stock exchanges, Jana Small Finance Bank announced that the RBI granted the AD-I licence on 6 March 2025. This authorisation allows the bank to facilitate foreign exchange transactions while adhering to all regulatory requirements. The approval marks a significant milestone in the bank’s operations, aligning with its expansion objectives.
With this license, Jana Small Finance Bank will now provide forex-related services, enhancing its capabilities in international banking. The development is expected to improve customer accessibility to seamless foreign exchange solutions. Stakeholders and investors have responded positively to this regulatory approval, viewing it as a strengthening factor for the bank’s long-term growth strategy.
As of March 07, 2025, at 1:00 PM, the shares of Jana Small Finance Bank are trading at ₹478.29, up by 9.29% from its previous day’s closing price. The stock has registered a gain of 5.59% over the past month.
The RBI’s approval of the AD-I licence positions Jana Small Finance Bank among key players in the small finance banking sector. As the bank integrates forex services into its operations, it continues to comply with regulatory frameworks while expanding its financial offerings.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 7, 2025, 3:00 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates